MEXICO CITY (Reuters) – The United States and Mexico reached an agreement in a dispute over trade in sugar on Monday, sources said, averting steep U.S. duties and retaliation by Mexico on imports of American high-fructose corn syrup ahead of the renegotiation of NAFTA.
The U.S. Commerce Department was expected to hold a news conference later on Monday, two sources with direct knowledge of the talks said on condition of anonymity.
The sources did not give details of the agreement, but one said it would benefit both countries. Two sources said the final details were still being worked out as the two sides negotiated in Washington.
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